Call for tenders' details
Status
Submission date
24/10/2019
Answer date
30/10/2019
Language
Status
Answered
Question details
Subject
Transfer orders on paper
Question
Given that the regulations will soon oblige banks to process only dematerialized operations, the bank may have to refuse to deal with paper transfers as soon as this directive of the DSP2 comes into force. Can we consider that this modification of our service during our commitment period - for regulatory reasons - will not call into question the contract that binds us?
Answer
30/10/2019
In accordance with Article I.13.1 of the Framework Contract (FWC), the delivery of services is governed by Union law, complemented, where necessary, by the law of Belgium. Any change in the relevant EU law will apply to the services specified in Article I.2 of the FWC.